Paychex Shares Acquired by Andra AP fonden

The hedge fund increased its stake in the business services provider by 48.1% in the third quarter.

Published on Feb. 28, 2026

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Andra AP fonden, a hedge fund, increased its holdings in Paychex, Inc. (NASDAQ:PAYX) by 48.1% during the 3rd quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The fund now owns 163,200 shares of the business services provider's stock, valued at $20,687,000 at the end of the reporting period.

Why it matters

Paychex is a leading provider of payroll, HR, and benefits outsourcing solutions for small and medium-sized businesses. The increase in Andra AP fonden's stake suggests the hedge fund sees value in Paychex's business model and growth potential, even as the stock has faced some headwinds recently.

The details

According to the 13F filing, Andra AP fonden purchased an additional 53,021 shares of Paychex during the 3rd quarter, bringing its total holdings to 163,200 shares. Paychex's stock price has been volatile in recent months, with shares trading between $86.89 and $161.24 over the past 52 weeks.

  • Andra AP fonden increased its stake in Paychex during the 3rd quarter of 2026.

The players

Andra AP fonden

A hedge fund that has increased its stake in Paychex, Inc.

Paychex, Inc.

A provider of payroll, HR, and benefits outsourcing solutions for small and medium-sized businesses.

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The takeaway

The increase in Andra AP fonden's stake in Paychex suggests the hedge fund sees long-term value in the business services provider, despite recent stock price volatility. This could be a positive sign for Paychex's future growth and performance.